Canada private sector economists cut growth forecasts: Flaherty

OTTAWA, March 8 (Reuters) - Private sector economists have
cut their growth forecasts for the Canadian economy in 2013 due
to volatile market conditions in the United States and Europe,
Finance Minister Jim Flaherty said on Friday.

Flaherty, speaking to reporters after meeting the
economists, did not give precise figures. He also said
government revenues would be hit significantly by
lower-than-expected growth in nominal gross domestic product but
did not give details.

Despite the lower growth figures Ottawa was still on track
to balance the budget in 2015/16, he added.